Owner of Collateral Clause Samples

Owner of Collateral. So long as the Pledgor remains the owner of all or any part of the Collateral, the Pledgor will promptly, upon request of the Bank, give to the Bank copies of any notices or other communications received by it with respect to the Collateral.

Owner of Collateral. The Grantor is and, except as expressly permitted by this Mortgage, will continue to be the owner of the Collateral hereunder whether now owned or hereafter acquired, free and clear of all Liens, claims, encumbrances and security interests other than the security interests in favor of the Mortgagee hereunder and Permitted Liens, and that the Grantor will defend such Collateral and any products and proceeds thereof against all material claims and demands of all Persons (other than holders of Permitted Liens) at any time claiming the same or any interest therein adverse to the Mortgagee. The inclusion of proceeds of the Collateral under the security interest granted herein shall not be deemed consent by the Mortgagee, to any sale, lease or other disposition of any part or all of the Collateral except as expressly permitted herein.

Owner of Collateral. Except for the Security Interests, the Debtor ------------------- is, and as to the Collateral acquired after the date hereof which is included within the Security Interests, the Debtor will be, the owner of the Collateral free from all adverse claims, security interests and encumbrances except for Permitted Liens.

Owner of Collateral. 9 (f) Authority.............................................................................10 (g) Payment of Taxes......................................................................10 (h)

Owner of Collateral. The Grantor is and, except as expressly permitted by this Mortgage or the Credit Agreement, will continue to be the owner of the Collateral hereunder, now owned and upon the acquisition of the same, free and clear of all Liens, claims, encumbrances and security interests other than the security interest in favor of the Mortgagee for the benefit of the Lenders hereunder and Permitted Liens, and that it will defend such Collateral and any products and proceeds thereof against all material claims and demands of all Persons (other than holders of Permitted Liens) at any time claiming the same or any interest therein adverse to the Mortgagee or the Lenders, except as otherwise in the Loan Documents. The inclusion of proceeds of the Collateral under the security interest granted herein shall not be deemed a consent by the Lenders, individually or collectively, to any sale or other disposition of any part or all of the Collateral except as expressly permitted herein.

Owner of Collateral. It is and, except as expressly permitted by this Security Agreement or the Credit Agreement, will continue to be the owner of the Collateral hereunder, now owned and upon the acquisition of the same, free and clear of all Liens, claims, encumbrances and security interests other than the security interest in favor of the Agent for the benefit of the Secured Parties hereunder and Permitted Liens, and that it will defend such Collateral and any products and proceeds thereof against all material claims and demands of all Persons (other than holders of Permitted Liens) at any time claiming the same or any interest therein adverse to the Secured Parties, except: (i) for the leasing of Aircraft and Engines and related parts in the ordinary course of such Grantor's businesses pursuant to Leases, provided that (A) the Agent, for the benefit of the Secured Parties, shall have a duly perfected first priority Lien (subject to Permitted Liens) on each of the Aircraft, Engines and Parts leased under such Leases and on the Lessor's interest in such Leases pursuant to an Assignment of Lease and (B) no such Lease gives rise to any Default or Event of Default; and (ii) for the secured financing and sale of Aircraft and Engines and related parts in the ordinary course of such Grantor's business pursuant to Carrier Loan Documents, provided that (A) such Grantor shall have a duly perfected first priority Lien (subject to Permitted Liens) on each of the Aircraft, Engines and Parts financed and sold in connection with such Carrier Loan Documents, which Lien has been assigned to the Agent, and the Agent shall have a duly perfected first priority Lien on 174 the Grantor's interest in such Carrier Loan Documents pursuant to an Assignment of Carrier Loan Documents and (B) no such Carrier Loan Document gives rise to any Default or Event of Default; and (iii) as otherwise provided in the Loan Documents. The inclusion of "proceeds" of the Collateral under the security interest granted herein shall not be deemed a consent by the Lenders, individually or collectively, to any sale or other disposition of any part or all of the Collateral except as expressly permitted herein;

Owner of Collateral. They are the sole, legal and beneficial owner of, and have good and marketable title to, all existing Collateral and shall be the sole, legal and beneficial owners of, and have good and marketable title to, each item of after acquired Collateral free and clear of any Liens, except Permitted Liens, ranking on a parity with or in priority to the Security Interest.

Owner of Collateral. The Obligor is the legal and beneficial owner of, and has good and marketable title to, all existing Collateral and shall be the legal and beneficial owner of, and have good and marketable title to, each item of after acquired Collateral free and clear of any Liens, except Permitted Liens, ranking on a parity with or in priority to the Security Interest.

Owner of Collateral. The Debtor is, or, to the extent that any Collateral will be acquired after the date hereof, will be, the sole owner of the Collateral, holding good and valid title thereto, free from any lien, security interest, encumbrance or claim (other than the liens and encumbrances in favor of the Secured Party or otherwise permitted under the Facilities Agreement) and has the right to grant the security interests created by this Security Agreement.